Zebo
Elite Member
- Jul 29, 2001
- 39,398
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revenue per http://www.usgovernmentrevenue.com/ for 2011: 4460 billion
expenditures per http://www.usgovernmentspending.com: 2900 billion
inflation adjustment per http://www.westegg.com/inflation/infl.cgi: 3900 billion
us population 1998 http://www.npg.org/facts/us_historical_pops.htm 270,298,524
inflation adjusted spending per capita 1998: ~$14500
multiplied by current pop clock per US census: 4489 billion
seems he's right, if per capita spending were brought back to 1998 levels, we'd be breaking even.
Thats total revenue all forms of govt take in. Fed, state and local.
The feds only took in about 2.2 trillion and 1.9 was borrowed.